What sectors made up the GDP of New Zealand – 1972-2018

Statistics New Zealand produced a great interactive graphic showing which industries have contributed to New Zealand’s GDP. It takes the top 10 industries that contributed most to the production measure of gross domestic product (GDP) in a given year. Industries are coloured based on four broad industry groups:

  • Goods-producing industries: manufacturing; electricity, gas, water, and waste services; and construction industries.
  • Primary industries: agriculture, forestry, fishing, and mining industries.
  • Service industries: wholesale trade; accommodation and food services; retail trade; transport, postal, and warehousing; information, media, and telecommunications; finance and insurance services; rental, hiring, and real estate services; professional, scientific, technical, and admin support services; government administration; health; education; and other service industries.
  • Taxes on production: includes GST, import duties, and stamp duties.

Below the doughnuts show the changes from 1973 to 2018.

Components of GDP in New Zealand – 1972
Components of GDP in New Zealand – 2018

Things to note:

  • The contribution from the goods sector has fallen from 33% to 19%
  • The service sector has increased from 51% to 65% over the period
  • The primary sector has halved over the period from 14% to 7% – agriculture was the biggest industry in 1972 at 11.2 but by 2018 this figure was 4.3% and the industry was relegated to10th in 2018

Click here to go the interactive – well worth a look and great for Macro at NCEA Level 2 and 3.

2 thoughts on “What sectors made up the GDP of New Zealand – 1972-2018

  1. John

    This could be a blindingly obvious question but here goes; the contribution from the goods sector has fallen from 33% to 19%. What is that fall off primarily due to? Always look out for your newsletters your material is really great. Thanks JB

    Reply
    1. Hamish Arthur

      A huge growth in the tourism, education and hospitality service sectors. International visitors (including students) from a couple of hundred thousand to over four million international visitors by 2019. (Australian and Chinese tourism the biggest growth areas) along with a parallel decline in the number of sheep produced from 75 million to 40million 1970 – 2019. The steeper land being utilised for forestry and flat land for horticulture such as vineyards and kiwifruit? There has not been the same development in secondary industry as New Zealand labour is expensive relative to international competition and NZ has had very open markets so imported mechanical and technological machinery (cars and computers) rather than built them.?

      Reply

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